Introductory text

This Order is made in exercise of the powers conferred by section 315(5) of, and paragraphs 26(7) and 27(2) and (3) of Schedule 7 to, the Pensions Act 2004^f1.

On a review under section 148(2) of the Social Security Administration Act 1992^f2 the Secretary of State concluded that the general level of earnings obtaining in Great Britain exceeds by 3.4% the general level at the end of the period taken into account for the last review under that section.

A draft of this instrument has been laid before Parliament in accordance with section 316(2)(s) of the Pensions Act 2004 and approved by a resolution of each House of Parliament.